Thule Group AB

Shareholders of Thule Group AB

Thule Group AB is a listed company with a single class of share, each carrying one vote. At 31 December 2025 there were 107,838,162 shares and 30,369 known shareholders, and the company held no treasury shares during 2025.

The owner list in the 2025 annual report, drawn from the share register kept by Euroclear Sweden, records the following largest owners at 31 December 2025: AMF Pension & Fonder 13.0 per cent of capital and votes; Handelsbanken Fonder 8.6 per cent; Swedbank Robur Fonder 6.2 per cent; and Alecta Tjänstepension 5.3 per cent. The composition of the Nomination Committee published on 2 October 2025 records the same four owners with 11.8 per cent (AMF Försäkring & Fonder), 6.3 per cent (Swedbank Robur Fonder), 6.1 per cent (Handelsbanken Fonder) and 5.1 per cent (Alecta Tjänstepension) of the votes at 31 August 2025.

Finansinspektionen’s flaggings register (Börsinformation) records the following notifications for the issuer, each relating to the shares under ISIN SE0006422390. Percentages are of both capital and votes, and the date given is the transaction date.

• 23 June 2026 — Swedbank Robur Fonder AB, sale, to 4.83453 per cent (published 24 June 2026), crossing below 5 per cent.
• 4 April 2025 — Handelsbanken Fonder AB, purchase, to 5.06 per cent (published 7 April 2025).
• 27 March 2025 — Alecta Tjänstepension Ömsesidigt, purchase, to 5.01 per cent (published 28 March 2025).
• 5 November 2024 — Handelsbanken Fonder, sale, to 4.96 per cent (published 6 November 2024).
• 17 September 2024 — Handelsbanken Fonder AB, purchase, to 5.19 per cent (published 18 September 2024).
• 18 July 2023 — Handelsbanken Fonder AB, sale, to 5.06 per cent (published 19 July 2023).
• 5 June 2023 — AMF Tjänstepension AB, sale, to 14.92 per cent (published 7 June 2023), crossing below 15 per cent.
• 3 May 2023 — Nordea Funds Ltd, sale, to 4.9984 per cent (published 4 May 2023).
• 13 March 2023 — Nordea Funds Ltd, to 5.00239 per cent (published 15 March 2023).
• 10 March 2023 — Handelsbanken Fonder AB, to 5.13 per cent (published 13 March 2023).

Ultimate beneficial ownership

No shareholder controls Thule Group AB. The highest holding recorded in the 2025 owner list is 13.0 per cent and the most recent flagging above 10 per cent, by AMF, was a notification of a decrease to 14.92 per cent in June 2023. There are no differentiated voting rights, no shareholder agreements are disclosed in the corporate governance report, and the Articles of Association contain no provisions on the appointment or dismissal of Board members. Nordic Capital was the principal owner at the November 2014 initial public offering; it does not appear among the owners disclosed for 2025 and no flagging by it appears in the recent register entries above.

No natural person is identified as a beneficial owner. Under the Swedish Act (2017:631) on the registration of beneficial owners, a limited company whose shares are admitted to trading on a regulated market is not required to register beneficial owners with Bolagsverket, so no Bolagsverket UBO entry is expected for this company. On the basis of the disclosed holdings, no natural person is recorded as holding or controlling 25 per cent or more of the capital or votes, whether directly or indirectly.

Data availability

Sweden has unusually good free ownership disclosure. The share register is kept by Euroclear Sweden and is public, which means the owner list published each year in the annual report is a register-derived record rather than an estimate, and Finansinspektionen publishes every notification of a holding crossing 5, 10, 15, 20 per cent and the higher thresholds in a free, searchable register. Both were used here, with the dates stated above.

The source record behind this page listed 14 rows of passive foreign index funds as if they were shareholders — Vanguard Total International Stock Index 13.63 per cent, iShares Core MSCI EAFE ETF 7.30 per cent and a further 5.83 per cent entered a second time for the same iShares fund under a different fund name, Vanguard FTSE All-World ex-US Small Cap 4.00 per cent and Vanguard European Stock Index 2.20 per cent — with share quantities in the hundreds of thousands against roughly 108 million shares outstanding. That is a custody or fund-holdings sample, not an ownership register, and the duplicate entry for one fund confirms it. It was not used for this page.

Directors and officers of Thule Group AB

Swedish practice separates the styrelse, the board elected by the annual general meeting (årsstämma), from the verkställande direktör (CEO) and the wider group management, which are appointed by the board. The lists below keep them apart.

Board of Directors (styrelse), elected at the annual general meeting held on 11 May 2026 for the period until the close of the next annual general meeting:

• Hans Eckerström — Chairman of the Board, re-elected 11 May 2026; chairman since 2022. Chairman of the Remuneration Committee.
• Per-Arne Blomquist — newly elected 11 May 2026 and elected Vice Chairman. Member of the Audit & Sustainability Committee.
• Sara Molnar — newly elected 11 May 2026. Member of the Remuneration Committee.
• Helene Willberg — re-elected 11 May 2026; first elected to the board in 2019. Chair of the Audit & Sustainability Committee.
• Johan Westman — re-elected 11 May 2026; first elected in 2022.
• Sandra Finér — re-elected 11 May 2026; first elected in 2024.
• Paul Gustavsson — re-elected 11 May 2026; first elected in 2024. Member of the Remuneration Committee.

Independence. The Swedish Corporate Governance Code requires the company to state, for each director, whether he or she is independent of the company and its management and independent of the company’s major shareholders. The corporate governance report for 2025 states that every one of the seven directors then serving — Hans Eckerström, Anders Jensen, Sarah McPhee, Johan Westman, Helene Willberg, Sandra Finér and Paul Gustavsson — was independent on both tests. That report predates the 2026 annual general meeting, so the independence classification of Per-Arne Blomquist and Sara Molnar will first be published in the corporate governance report for 2026. No member of group management sits on the board.

CEO and group management. Mattias Ankarberg is CEO & President, employed since 2023; he was a member of the board from 2018 to 2023 and is not a director now. The group management presented in the 2025 annual report also comprises Toby Lawton (Chief Financial Officer, employed since 2024), Aden Johnson (Vice President Category Management, 2021), Andreas Hägglund (Senior Vice President Supply Chain, 2019), Catharina Paulcén (Senior Vice President Corporate Communications & Investor Relations, 2024), Daniel Larsson (Senior Vice President Commercial, 2019), Filip Van der Linden (Vice President, Business unit Recreational Vehicle, 2010), Helena Dino (Senior Vice President Human Resources, 2024), Hilary Hartley (Senior Vice President Global Business Development, 2021), Karl-Johan Magnusson (Senior Vice President Product Development, 1999) and Tina Liselius (Vice President Global Brand, 2012).

Auditor. Öhrlings PricewaterhouseCoopers AB, Stockholm, has been the company’s auditor since 26 April 2017. The annual general meeting of 11 May 2026 re-elected the firm for the period until the close of the 2027 annual general meeting and it has notified the company that the authorised public accountant Erik Bergh will be auditor in charge. The audit report on the 2025 annual accounts and consolidated accounts was signed in Malmö on 14 April 2026 by Sofia Götmar-Blomstedt, auditor in charge, and Neda Feher, both authorised public accountants.

Recent officer changes

• 11 May 2026 — Per-Arne Blomquist and Sara Molnar elected as new members of the board; Per-Arne Blomquist elected Vice Chairman.
• 11 May 2026 — Anders Jensen and Sarah McPhee, directors during 2025, were not among those re-elected and therefore left the board at the close of that meeting.
• 11 May 2026 — auditor in charge changed from Sofia Götmar-Blomstedt to Erik Bergh, with Öhrlings PricewaterhouseCoopers AB continuing as audit firm.

Data availability

The officer information above is taken from the corporate governance report in the 2025 annual and sustainability report and from the company’s official disclosure of the resolutions of the annual general meeting of 11 May 2026. Finansinspektionen’s issuer register also records Mattias Ankarberg as CEO and Hans Eckerström as chairman.

The source record behind this page carried 31 officer rows with no appointment dates, mixing people who currently hold office with people who left years ago; for example Jan Magnus Welander and Hans Gunnar Eckerström were marked active while Carl Anders Wilhelm Pettersson, Jan Magnus Gottås and Bengt Johan Sylvén were marked resigned, and the rows did not distinguish the board from the CEO or from group management. That list was not used. The record also carried directors’ birth years; dates of birth and Swedish personal identity numbers (personnummer) are not published here. Nationality is not recorded in any of the official sources consulted, so it is stated as: Not disclosed.

One internal inconsistency is worth noting: the board-composition table in the 2025 corporate governance report gives 2009 as the year the chairman was first elected, while the board overview on the following page gives 2007. Both figures come from the same report.

Group structure of Thule Group AB

Thule Group AB (publ), organisationsnummer 556770-6311, is the ultimate parent company of the group. No entity sits above it: the shares are admitted to trading on Nasdaq Stockholm, no shareholder holds a controlling interest, and the consolidated financial statements comprise Thule Group AB as parent company together with its subsidiaries.

Note 28 to the 2025 consolidated accounts lists 38 group companies, all of them wholly owned at 100 per cent of equity. The table below sets out the entities for which the note states a Swedish organisation number, together with the main foreign holding and operating companies. The information date is 14 April 2026, the date the annual report was prepared, and the positions are those at 31 December 2025.

The remaining companies named in Note 28 are operating and holding entities in Australia, Singapore, Hong Kong, China, Japan, Belgium, France, the Netherlands, Poland, the Czech Republic, Brazil, Canada, Denmark, the United States and the United Kingdom, including the Thule Organization Solutions companies, Annex Products Pty Ltd, Quad Lock Singapore Pte Ltd, Thule Outdoor Australia Pty Ltd, Brink Nordisk Holdings ApS and Thule Outdoor Ltd.

Data availability

Swedish annual reports list every group company with its registered office and ownership percentage, and give the organisation number for the Swedish entities; that is the source used here. For the non-Swedish subsidiaries the note gives only the name, the registered office and the ownership percentage, so no foreign registration numbers are stated above and those entities were not verified individually in their home registers.

Of the four nodes held in the source record, two were confirmed against Note 28: Thule AB, organisationsnummer 556770-6329, and Thule Holding AB, organisationsnummer 556662-7138, both wholly owned. Thule Group AB itself was confirmed as the ultimate parent. The fourth node, “Case Logic Holding Inc” (United States), could not be confirmed: it does not appear among the 38 companies listed in Note 28 to the 2025 consolidated accounts, and the stored identifier “#0226131892” does not match any United States company identifier format — US companies are identified by a state-level entity number together with the state of incorporation, or by an IRS employer identification number in the format 12-3456789. Case Logic is referred to in the annual report only as a brand acquired by the group, and the corresponding product business is now reported within the Bags & Mounts category and operated through the Thule Organization Solutions entities. The source record’s group tree of four nodes is not a usable picture of the group.

One further point on the underlying record: the stored postal address gives Malmö 214 31, whereas the company’s own filings and Finansinspektionen’s issuer register both give Dockgatan 1, SE-211 12 Malmö. The stored registration date of 1 January 2008 is a placeholder; the company was established on 15 September 2008 and registered with Bolagsverket on 21 November 2008.